Tag: kashmir latest news

Kashmir Youth Bags Glendale University’s Leadership Scholarship

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by Fahd Khan
SRINAGAR: Mushtaq Ahmad Rather, 37, from north Kashmir’s Kupwara district has come a long way in his life from being employed as a dishwasher in England to support his living while pursuing a master’s degree and now flowing to California in the United States of America for Glendale University’s Leadership Programme scholarship.
Mushtaq Ahmad Rather
He is currently working as a Business Manager in Riyadh where he reached after spiralling through a maze of hard work.
He did his high schooling at a Government High School in Tarathpora where from he went on to Government Higher Secondary School in Jawahar Nagar.
He did his Honour’s degree from Pune in Maharashtra where he says that Peoples Conference President and politician Sajad Lone guided him.
After graduating from Pune, Mushtaq moved to Mumbai to find employment to raise money to travel to England to enrol in the University of Chester’s Master of Business Administration programme.
However, the journey in England was not as easy as one may think, Mushtaq had to do some odd jobs to support his stay.
“Soon I joined Chester University where we were given a timetable for the whole year. We only had to attend the university for three days, and in the remaining days we used to do part-time jobs to manage our living expenses as living in England is very expensive.”

“I did many jobs starting from dishwashing which was very hard and I used to cry sometimes. Later on, I took up a job of a waiter, a marketing executive and a salesman. All the jobs helped me to understand more about business management,” Mushtaq said.
After completing his Master’s degree in England, he moved to Riyadh, the capital of Saudi Arabia. He is currently working as an operational head of Daralheiam Investment Company owned by former Hollywood rapper of 2pac Rap group turned businessman Mutah Beale.
But Mushtaq’s’ journey of doing something more in life didn’t stop at Riyadh, he continued applying for new programmes in various universities across the globe.
“I always used to contact people from many universities on the internet and I had also applied online to many universities. I applied to the Glendale University of California and luckily got selected after many rounds of interviews where I portrayed my managerial experience. I got selected from among 485 students who had participated from across the globe,” Mushtaq said.
Staying in Kashmir and opening a good business here was what Mushtaq had always had in mind but life had other plans in store. While Mushtaq was in England, he with his brother’s help tried his hands at many business ventures which couldn’t flourish for varied reasons.
“I started a wholesale business of garments with the help of my brother but we suffered a massive loss. I tried to develop a restaurant business in Kashmir where employees used to handle it but due to the Covid-19 pandemic, it had to be shut down. A businessman in Kashmir has to face several problems”.
Despite all his business ventures failing, Mushtaq didn’t lose hope and is planning to export Kashmiri food products to Saudi Arabia.
Mushtaq is hopeful that he will get support from the government of India in establishing his export business which will provide jobs to the unemployed people in the Valley.

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#Kashmir #Youth #Bags #Glendale #Universitys #Leadership #Scholarship
( With inputs from : kashmirlife.net )

January 23, 2023
JK Bank Mets Rs 312 Cr In Q3

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SRINAGAR: Jammu and Kashmir Bank’s net profit witnessed a 79 per cent rise on a year-on-year (YoY) basis to Rs 311.59 crore for the December quarter of fiscal 2022-23. In the same quarter, last year, the profits were at Rs 173.95 crore.
A man shows new Rs 2000 currency after exchanging old Rs 500 and 1000 denominations at Srinagar on Thursday 11 November 2016. KL Image Bilal Bahadur
The bank announced the results after its Board of Directors reviewed and approved the numbers for the third quarter and nine months ended December 31, 2022, in a meeting held today at Bank’s Gurugram Office in Delhi.
Bank officials said they are on the anticipated trajectory to meet annual profit targets. The bank’s profit for nine months is up 85 per cent to Rs 721.05 crore from Rs 389.36 crore recorded during nine months of the last fiscal.
The Bank’s Net Interest Income (NII) surged by 27 per cent YoY to Rs 1257.38 crore for the December quarter when compared to Rs 993.30 crore recorded last year, while growing 19 per cent YoY for nine months to Rs 3495.73 crore. The Bank’s Operating Profit grew by 65 per cent YoY to Rs 544.11 crore for the December quarter, of 2022.
The Bank’s NIM has also improved by 54 basis points (bps) YoY to 4.10 per cent – the highest in the last seven years – while as the Return on Assets rose to 0.92 per cent for the December quarter from 0.57 per cent recorded last year. With Yield on Advances improving by 90 bps to 9.34 per cent, the Bank’s steadily moderating cost-to-income ratio has come down further to 63.71 per cent for the third quarter.
The Gross NPA Ratio of the Bank has further come down 168 bps YoY and 42 bps QoQ to 7.25 per cent for the quarter, while as the Net NPA ratio has moderated YoY by 94 bps to 2.08 per cent. The provision coverage ratio (PCR) of the Bank stood at 84.83 per cent for the quarter that ended in December 2022.
The top bank executive said they have brought down our Net NPAs to 2.08 per cent, which is the lowest in the last eight years.
Meanwhile, the Bank’s net advances are up 14 per cent YoY and 4 per cent QoQ to Rs 77639 crore during the quarter reviewed while as the deposits have grown 8 per cent from Rs 109298 crore to Rs 117935 crore. However, the Bank witnessed 21 per cent YoY growth in advances in its operational geographies across Rest-of-India (RoI).

The Bank’s overall business increased by 10 per cent to Rs 195574 crore from Rs 177664 crore recorded last year while as the Bank’s CASA Ratio continues to remain one of the industry’s best at about 54 per cent.
With the tier-II capital augmentation of over Rs 1000 crore, the bank’s Capital Adequacy Ratio rose up to 13.82 per cent as against 12.38 per cent recorded as on December 31, 2021.
The capital augmentation through the raising of tier-II bonds worth Rs 1021 crore during the December quarter has cushioned the bank to comfortably execute its envisaged growth plan, especially in the rest of India. Bank’s CRAR has improved to 13.82 per cent.

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#Bank #Mets
( With inputs from : kashmirlife.net )

January 23, 2023
Congress Will Use All Its Might To Restore J&K’s Statehood: Rahul Gandhi

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SRINAGAR: Congress leader Rahul Gandhi on Monday said his party will put all its force into the restoration of Jammu and Kashmir’s (J&K) statehood.
“There is no bigger issue than your statehood. Your right has been snatched by the Centre and Congress will use all its might to restore it,” said Gandhi while addressing a gathering in the Satwari area of Jammu.
Jammu and Kashmir lost its statehood on August 5, 2019, when the Centre scrapped its special status under Article 370 of the Constitution and split the state into two Union Territories.
Gandhi also accused the government of doing injustice to Kashmiri Pandits in the Union Territory and asked Jammu and Kashmir Lieutenant Governor Manoj Sinha to apologise to the community for alms remarks.
“Today I met a delegation of Kashmiri Pandits who briefed me about various issues. They told me that when they went to meet LG, they were told not to seek alms. LG must realise, these people are seeking their rights, and apologise to the community,” Gandhi stated.
Many Kashmiri Pandit employees working under the prime minister’s package announced in 2008 are on strike in Jammu, demanding their relocation out of the Valley against the backdrop of targeted killings.
The former Congress president also said that during his Yatra in Jammu region, he met many people who told him that outsiders are being benefited by the government and locals have been deprived.
“Jammu and Kashmir is facing the highest percentage of unemployment in India. Educated people don’t have employment opportunities. Earlier, they had the option of joining the Indian Army, but now the BJP has brought the Agniveer scheme,” said Rahul Gandhi.

He said that the Agniveer scheme is weakening the Indian Army and Army personnel are against it.
“The unemployment is rising because the government is working only to benefit 2-3 industrialists,” he alleged.
On January 23, Gandhi’s Bharat Jodo Yatra started from Samba district’s Vijaypur and reached Jammu district in the afternoon where he was received by senior party leaders.
The Bharat Jodo Yatra will culminate in the Valley on January 30 with a mega public rally.

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#Congress #Restore #JKs #Statehood #Rahul #Gandhi
( With inputs from : kashmirlife.net )

January 23, 2023
Govt Orders Time-Bound Inquiry Into Illegal Appointments In JKIMPARD

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SRINAGAR: The Government on Monday constituted a Committee to enquire into the matter relating to the appointment of faculty members in Jammu and Kashmir Institute of Management, Public Administration and Rural Development (JKIMPARD) in “violation of rules”.
Headed by Financial Commissioner Chairman (Additional Chief Secretary), Home Department, the members of the committee include Director General, J&K Institute of Public Management, Administration and Rural Development, Secretary to the Government, General Administration Department, Secretary, Department of Law, Justice and Parliamentary Affairs and Director General (Codes), Finance Department, news agency GNS quoted an government order as saying.
‘The Committee shall also enquire into the reasons for not previously reporting to the Government the irregular appointments of the faculty members in the Institute, which pre-date the term of the current Director General.’
Besides, it has been asked to enquire the number of meetings of the Governing Council required to be held under norms vis-à-vis the actual number of meetings held over the last five years and whether the matter involving “irregular appointments” was ever brought to the notice of the members of the Governing Council.
“The Committee shall also evaluate overall functioning of the IMPARD Over the last five years and submit its recommendations for improving work/academic environment, management efficiencies and institutional integrity on sustainable basis,” the order reads, adding, “The Committee shall be serviced by the J&K IMPARD.” It has been asked to submit its report within one (01) month.

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#Govt #Orders #TimeBound #Inquiry #Illegal #Appointments #JKIMPARD
( With inputs from : kashmirlife.net )

January 23, 2023
Won’t Allow An Inch Of J&K Land To Be Provided To Outsiders: Altaf Bukhari

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SRINAGAR: Former minister and president Apni Party, Syed Altaf Bukhari on Monday said that they won’t allow an inch of Jammu & Kashmir’s land to be provided to outsiders.
Addressing a news conference, Bukhari, as per the news agency KNO said the drive to retrieve state and Kahcharai land from the land grabbers must exclude poor people.
“Those who have grabbed a huge chunk of land can be dealt with strictly, but those who belong to the downtrodden section of the society must be excluded from the drive,” he said.
Bukhari, however, said that the land being retrieved will not be given to people from outside.
He further said that only five per cent land of J&K can be provided for industrial purposes to outsiders, but this law can be changed by the next government in Jammu and Kashmir.
Responding to the query, he said that he believes that Kuka Parrey father of Imtiyaz Parrey, who recently joined the Apni Party, was better than other politicians.
“Whatever Kuka Parrey did, he did at the face value and other politicians did the same behind the curtains, so Kuka Parrey was better than those politicians,” he said.
About Bharat Jodo Yatra, Bukhari said that he has not been invited to the Yatra.

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#Wont #Inch #Land #Outsiders #Altaf #Bukhari
( With inputs from : kashmirlife.net )

January 23, 2023
Jairam Says Azad’s DAP Will Be Soon ‘Dead Azad Party’

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SRINAGAR: In yet another jibe on J&K’s former Chief Minister Ghulam Nabi Azad-led political party, senior Congress leader Jairam Ramesh on Monday called his party as the “Doda Azad Party” and added that it would soon become “Dead Azad Party.”
Talking to reporters, Ramesh said that Azad-led political party has now reduced to “Doda Azad Party”.
“It has now become Disappearing Azad Party. It is not only Disappearing Azad Party, but has now become “Doda Azad Party” as its influence is limited to Doda. It would soon become “Dead Azad Party”,” Ramesh told reporters, as per news agency KNO.
Ramesh, who has become vocal critic of Azad-led party, said that every Congress leader who had joined Azad-led party has now returned to the party.
“They have returned to the party after holiday of two months,” he said.

Previous articleTwo Residential Houses Damaged In Fire

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#Jairam #Azads #DAP #Dead #Azad #Party
( With inputs from : kashmirlife.net )

January 23, 2023
Two Residential Houses Damaged In Fire

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SRINAGAR: At least two residential houses were damaged in a fire incident in Guzarbal area of Noorbagh in summer capital Srinagar on Monday morning.
Reports said that two residential houses were gutted in a fire incident in the Guzarbal area this morning.
They said that fire tenders doused the flames on time and prevented any further damage. However, there was no loss of life or injury reported in this incident.
A police officer also confirmed the fire mishap and said, cognizance of the incident has been taken, and the cause of fire was not immediately known, however investigation has been set into motion. (KDC)

Previous articleMeT Predicts More Rain, Snow In Kashmir

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#Residential #Houses #Damaged #Fire
( With inputs from : kashmirlife.net )

January 23, 2023
MeT Predicts More Rain, Snow In Kashmir

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SRINAGAR: Weather was inclement in J&K during the last 24 hours as the MeT office said on Monday that generally cloudy sky is likely in Jammu division and scattered rain and snow would prevail in Kashmir.
“Weather is likely to remain dry with generally cloudy sky in Jammu and scattered to isolated rain/snow in the Valley during the next 24 hours,” an official of the Meteorological (MeT) department said.
Srinagar had minus 3.4, Pahalgam minus 4.7 and Gulmarg had minus 9.6 degrees Celsius as the minimum temperature.
In Ladakh region, Kargil had minus 16.6 and Leh minus 12.6 as the minimum temperature.
Jammu had 6.5, Katra 6.2, Batote 2.1, Banihal 2.4 and Bhaderwah 2 as the minimum temperature. (IANS)

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#MeT #Predicts #Rain #Snow #Kashmir
( With inputs from : kashmirlife.net )

January 23, 2023
2 IEDs Recovered, Destroyed: Police

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SRINAGAR: Police on Monday said that two Improvised Explosive Devices were recovered by it along with army and paramilitary CRPF in Dassal and its adjoining area of Rajouri district.
“On 22-01-2023 at 1800 hours a joint search operation was launched by Police, SOG Rajouri, Army 225 field Regiment and CRPF 72Bn at Dassal and its adjoining area,” news agency GNS quoted police statement as having said.
During the searches, the police said, two IEDs were recovered. “Later on IEDs were destroyed by Bomb Disposal Squad team,” it said, adding, “On this a case (FIR No. 39/2023) under section 13/16/UAP Act, 3/4 Explosive Act has been registered.”

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#IEDs #Recovered #Destroyed #Police
( With inputs from : kashmirlife.net )

January 23, 2023
Bharat Jodo Yatra: Congress Won’t Compromise On Rahul Gandhi’s Security, Says Jairam Ramesh

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SRINAGAR: The Congress on Sunday said the ‘Bharat Jodo Yatra’ will follow the directions of the security agencies as the security of Congress leader Rahul Gandhi is of topmost concern. The statement comes as Jammu witnessed twin blasts on Saturday that left many civilians injured.
“We are in touch with the security agency. Any suggestions from them will be followed. There can be no compromise when it comes to the security of Rahul Gandhi. His security is of topmost concern for us,” Congress leader Jairam Ramesh said in Kathua.
He said the party’s stand is clear on terrorism. “There should be no compromise in dealing with either the perpetrators or sponsors of terrorism,” Ramesh said.
Several Congress leaders on Sunday said they were concerned about the safety and security of Gandhi after the twin explosions in Jammu “as it raises a question mark on the security arrangements”.
“We accept that the security agencies are fully alert and are doing their job satisfactorily, but claims of the government that terrorism has been finished falls flat in the wake of such incidents,” a Jammu-based Congress leader said.
Gandhi’s ‘Bharat Jodo Yatra’ is arriving in Jammu on Monday. Jammu has been put on high alert following twin blasts in the city.
In response to statements made by the BJP where they asked the Congress to clarify its stand on the issue of Article 370, Ramesh said, “Article 370 is a very serious issue. As of now, the bigger issue is restoration of democratic processes in J&K, when elections will be held and Statehood restored. J&K has become an attached office of the Ministry of Home Affairs (MHA).”
He said there is an “undeclared emergency in the country”. “An undeclared emergency is more dangerous than a declared emergency. The BJP has ended the spirit of democracy in the country,” he added.

Gandhi will address a rally in Jammu on Monday. He will celebrate Republic Day with locals in J&K’s Banihal area before heading for the Kashmir Valley. His Bharat Jodo campaign will conclude on January 30 in Srinagar. Several regional leaders have joined the yatra and more leaders from Kashmir are likely to join the yatra in the Valley.

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#Bharat #Jodo #Yatra #Congress #Wont #Compromise #Rahul #Gandhis #Security #Jairam #Ramesh
( With inputs from : kashmirlife.net )

January 22, 2023